The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Asian stocks go down on American tax uncertainty
On Monday, Asian equities rebounded in cautious trade because traders look to see whether American Republicans are capable of hammering out a tax reform deal rapidly, while the British pound went down on ascending doubts over Prime Minister Theresa May's leadership.
European equities are supposed to be mostly intact. Spread betters actually expect France's CAC as well as Germany's DAX to start nearly intact, while Britain's FTSE managed to grow 0.3% from Friday's six-week minimum.
As for Tokyo's benchmark Nikkei N225, it went down 0.9%, suppressing MSCI's Asia-Pacific Index 0.5%. Stocks in the region, excluding Japan, headed south 0.1%, with mainland Chinese equities, soaring as much as 0.6% to two-year maximums.
The S&P 500 index had concluded its eight-week winning marathon by Friday's Wall Street close because market participants took their profits after Senate Republicans had uncovered a fresh tax plan, which stood out greatly from the House of Representatives' version.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.